Refer to the discussion on the binomial approximation to the hypergeometric distribution that begins on page 230.
Question:
a. If sampling is with replacement, explain why the trials are independent and the success probability remains the same from trial to trial-always the proportion of the population that has the specified attribute.
b. If sampling is without replacement, explain why the trials are not independent and the success probability varies from trial to trial.
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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